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Article: Beazer Homes Announces Increased Focus on Profitable Growth Strategy; Board Authorizes Share Repurchase Authorization of 10 Million Shares.
- Article from:
- Business Wire
- Article date:
- November 18, 2005
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Copyright informationCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA -- Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced the acceleration of its comprehensive plan to enhance shareholder value, built upon the demonstrated success of the Profitable Growth Strategy that the Company has articulated and executed over the past two years. As part of this plan, the Board of Directors has authorized the Company to repurchase 10 million shares of the Company's stock.
"The record results in the fourth quarter of fiscal 2005 reinforce the effectiveness of our profitable growth initiatives in achieving greater profitability by optimizing efficiencies, increasing market penetration, and leveraging our national brand. During ...
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